Question
The Reserve Bank of India (RBI) has prohibited
_________Ā from lending under two products ā Insta EMI and eCOMĀ due to violations of certain provisions of the digital lending guidelines.Ā The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at āno-cost EMIā. A pre-approved loan of ____ is also available with this card, featuring a repayment tenure of up to 60 months. Fill in the correct options for the information provided above-ĀSolution
The Reserve Bank of India (RBI) has barred Bajaj Finance from lending under two products ā Insta EMI and eCOMĀ citing violations of certain provisions of the digital lending guidelines.Ā This includes the non-issuance of key fact statements (KFS) to borrowers for these two lending products and deficiencies in KFS issued for other digital loans sanctioned by the company.Ā The Insta EMI card, a virtual card, enables customers to shop for 1 million products offered by the company at āno-cost EMIā. A pre-approved loan of Rs 2 lakh is also available with this card, featuring a repayment tenure of up to 60 months.
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Which of the following about the āState Listā and āpublic orderā is constitutionally correct?Ā
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